<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
The schedule contains summary financial information extracted from Palmetto
Bancshares, Inc. and subsidiary Consolidated Income Statements and Consolidated
Balance Sheets and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<MULTIPLIER>                                   1,000

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-END>                                   SEP-30-1999
<CASH>                                          34,327
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 1,644
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    121,293
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        438,712
<ALLOWANCE>                                     (6,369)
<TOTAL-ASSETS>                                 622,858
<DEPOSITS>                                     533,009
<SHORT-TERM>                                    33,561
<LIABILITIES-OTHER>                              2,532
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        15,520
<OTHER-SE>                                      29,136
<TOTAL-LIABILITIES-AND-EQUITY>                 622,858
<INTEREST-LOAN>                                 27,308
<INTEREST-INVEST>                                4,413
<INTEREST-OTHER>                                   325
<INTEREST-TOTAL>                                32,046
<INTEREST-DEPOSIT>                              11,159
<INTEREST-EXPENSE>                              12,055
<INTEREST-INCOME-NET>                           19,991
<LOAN-LOSSES>                                    1,772
<SECURITIES-GAINS>                                  30
<EXPENSE-OTHER>                                 15,504
<INCOME-PRETAX>                                  8,633
<INCOME-PRE-EXTRAORDINARY>                       6,004
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     6,004
<EPS-BASIC>                                     1.93
<EPS-DILUTED>                                     1.88
<YIELD-ACTUAL>                                    4.91
<LOANS-NON>                                      1,915
<LOANS-PAST>                                         9
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 5,795
<CHARGE-OFFS>                                   (1,262)
<RECOVERIES>                                        64
<ALLOWANCE-CLOSE>                                6,369
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0


</TABLE>